GCI Dividend Type Payments
Although GCI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Gannett Co., Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Gannett Co., Inc (GCI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.09 | 10.76 | 10.10 | +0.06 | 1.6M | - | 0.0B |
GCI Dividend-Like Income Using Covered Calls
With GCI at 10.10, here's a table showing how big the annual "dividend" (ie. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 0.30 | 0.1 |
| 5% | 0.51 | 0.1 |
| 10% | 1.01 | 0.3 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
| 3% Yield On GCI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 19 | 12.50 | 0.25 | 225 | 0.1 | 1.74 (17.2%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Dec 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | IWM dividend | 1. | dividend | |
| 2. | EEM dividend | 7. | FXI dividend | 2. | dividend | |
| 3. | SPX dividend | 8. | GE dividend | 3. | dividend | |
| 4. | QQQ dividend | 9. | USO dividend | 4. | dividend | |
| 5. | EWZ dividend | 10. | VXX dividend | 5. | dividend | |
Want more examples? GCE Dividend | GCO Dividend
